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Microcap & Penny Stocks : DVID -- Ignore unavailable to you. Want to Upgrade?

To: John Anderfuren who wrote (114)	8/4/1999 7:24:00 AM
From: CAPT.DAN	Read Replies (1) \| Respond to of 149

What does the C mean? As in the dvidc symbol. Regards, cd

To: John Anderfuren who wrote (114)	8/4/1999 1:05:00 PM
From: Skywatcher	Read Replies (1) \| Respond to of 149

DVS Announces Improved Operating Results for 1ST Quarter of Fiscal Year 2000 MOUNTAIN VIEW, Calif., Aug. 3 /PRNewswire/ -- Digital Video Systems, Inc. (Nasdaq: DVIDC - news) today reported 1st quarter revenues of $6.4 million, compared with $2.4 million for the same period in fiscal year 1999. Revenues from ''ongoing'' product lines increased six-fold from $1.0 million in the quarter ending June 30, 1998 to $6.4 million in the quarter ending June 30, 1999,an increase of 532%. Operating expenses were reduced from $5.5 million for the quarter ending June 30, 1998 to $1.8 million for the quarter ending June 30, 1999; a reduction of 68% to about one third that of the same quarter a year ago. The net loss was also reduced, from $4.9 million for the like quarter a year ago to $1.4 million for the quarter ending June 30, 1999; a reduction of 72%, to less than one third that of the same period in the previous year. For a more detailed explanation of the 1st quarter results, please refer to the company's Form 10QSB filed with the SEC on August 2, 1999. ''More work remains to be done but we are pleased that our efforts of the recent past are now being reflected,'' said Mali Kuo, Co-Chairman and CEO of DVS. ''We are sized properly, our product direction is clear, our teams are motivated and productive, and with our strategic alliance in place, we have the key elements to be successful.'' As reflected in the 10Q report, if the Company is to reach profitability in the near term, we must (1) Increase revenues substantially with sustaining order input; (2) Reduce costs of current products through value engineering, volume procurement, and low production costs; and (3) Initiate production in China with strategic alliances to increase production capacity, reduce production costs and, most importantly, to obtain the necessary working capital to fuel the growth. We are focused and working hard to complete these additional tasks in our program for the turnaround of DVS. Well...at least it's GOOD news...now about that price! Love to see that CEE off the symbol...looks like we now have a decent chance of that. chris

To: John Anderfuren who wrote (114)	8/6/1999 11:28:00 AM
From: Skywatcher	Respond to of 149

REAL RESULTS AND NUMBERS! DVS Announces Record Sales of $4.9 Million for Month of July MOUNTAIN VIEW, Calif., Aug. 5 /PRNewswire/ -- Digital Video Systems, Inc. (Nasdaq: DVIDC - news) today announced that July 1999 revenues at $4.9 million were a record for a single month in the Company's history. Slightly over 70% of the revenue was resulted from sales to OEM's in China, and approximately 90% of the revenue was derived from the DVD product line. Preliminary results also indicate that gross margins have improved over prior periods. Ms. Kuo, DVS' Co-Chairman and CEO, said, ''We believe that our Company is on the right track and that these record results are just the beginning.'' On a separate note, Ms. Kuo wants to emphasize that Nasdaq requires our stock to be at $1 by August 16 and stay at or above $1 for the subsequent 10 days. The potential of a reverse split is a last resort to meet this requirement. The Company has been monitoring the market conditions, and will not actuate reverse split unless the market conditions warrant such an action to meet the Nasdaq requirement. ABOUT DVS Digital Video Systems, Inc. is a technology company specializing in the development and application of Digital Versatile Disc (DVD) and digital-video related technologies. The Company currently develops and markets DVD-ROM drives, DVD intelligent loaders, including subassemblies and components, and CD based Video Engine products for the consumer products, commercial video and computer peripherals markets. Established in 1992, DVS is publicly traded company headquartered in Mountain View, Calif., with a branch office in Taiwan and subsidiaries in Hong Kong, Bermuda, South Korea, and China. DVS is a trademark of Digital Video Systems, Inc. Lets' hope or NO reverse split... chris